{"data":{"id":"us-tx/tex.-insurance-code-1702.102","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 1702.102","heading":"PROHIBITED REBATES AND INDUCEMENTS.","body":"(a) Except as provided by this subchapter, an insurer or agent may not, with respect to business written in this state:\n(1) knowingly permit the making of, offer to make, or make a life insurance policy or annuity contract or an agreement regarding the policy or contract, other than as plainly expressed in the issued policy or contract;\n(2) directly or indirectly pay, give, or allow or offer to pay, give, or allow as inducement to enter into a life insurance policy or annuity contract either:\n(A) a rebate of premiums payable on the policy or contract; or\n(B) a special favor or advantage in the dividends or other benefits of the policy or contract or a valuable consideration or inducement not specified in the policy or contract; or\n(3) give, sell, or purchase or offer to give, sell, or purchase in connection with a life insurance policy or annuity contract or as inducement to enter into the policy or contract:\n(A) stocks, bonds, or other securities of an insurer or other corporation, association, or partnership;\n(B) dividends or profits accrued from the stocks, bonds, or securities; or\n(C) anything of value not specified in the contract.\n(b) An insurer may not permit an agent, officer, or employee to issue or deliver as an inducement to enter into a life insurance policy or annuity contract:\n(1) company stock or other capital stock;\n(2) a benefit certificate or share in a corporation;\n(3) a security; or\n(4) a special or advisory board contract or any other contract promising returns or profits.\n(c) This section does not prohibit issuing or delivering a participating insurance policy or annuity contract otherwise authorized by law.\nAdded by Acts 2025, 89th Leg., R.S., Ch. 581 (H.B. 2221), Sec. 2, eff. September 1, 2025.","path":["INSURANCE CODE","TITLE 9. PROVISIONS APPLICABLE TO LIFE INSURANCE, ANNUITY CONTRACTS, AND ACCIDENT AND HEALTH COVERAGES","CHAPTER 1702. REGULATION OF CERTAIN TRADE PRACTICES","SUBCHAPTER C. PRACTICES RELATED TO LIFE AND ANNUITY COVERAGE"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1702.htm#1702.102","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"bfa1dc84628b77337dc06bbc7f955f8e189c65b7d7781eb2129cae1456458896","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-1702.101","next":"us-tx/tex.-insurance-code-1702.103"},"notice":"GroundRules: Original legal text. Not legal advice."}